Chemical Company’s Associate Bags 1,425 Electric Two-Wheeler Orders After Stock Split & Bonus Issue

Two new purchase orders for low-speed electric two-wheelers have been received by A-1 Limited's associate company, A-i Sureja Industries, which operates under the group's electric mobility initiative. This announcement highlights a significant business update for the company and its EV vertical. Zipnova Enterprise LLP in Ahmedabad, Gujarat, has issued the first purchase order for 525 electric motorcycles in the low-speed two-wheeler market.

This order was placed on 12 January 2026 and reflects growing demand for affordable and compliant electric mobility solutions in the domestic market.

With a purchase order dated January 14, 2026, the second order for 900 low-speed electric two-wheelers has been received from Aayushman Engineering, Noida (Uttar Pradesh). This greatly expands the associate's order stream and fortifies its position in key northern markets outside of Gujarat.

A-i Sureja Industries' EV business is growing, as seen by the total order size of 1,425 electric two-wheelers. According to the corporation, these orders will be executed and delivered in accordance with the schedules and commercial conditions that have been mutually agreed upon with each customer.

Importantly, A-1 Limited made it clear that these transactions are not recognized as related-party transactions and that the promoter or promoter group has no stake in the customer entities. A-1 Limited also promised investors that it would notify the exchanges of any future significant developments pertaining to its EV initiatives.

In order to increase share liquidity and reward shareholders as the chemical trading company shifts into the electric vehicle (EV) sector, A-1 Ltd (A-1 Limited) recently carried out two significant corporate actions: a 3:1 bonus issue with a December 31, 2025 record date and a 10:1 stock split reducing face value from Rs 10 to Rs 1 with a January 8, 2026 record date.

A-1 Ltd. (formerly known as A-1 Acid Ltd.) is a well-known Indian company that has been in business since the 1970s. It specializes in the wholesale trading and transportation of a variety of industrial acids and chemicals, including methanol, sulfuric acid, and nitric acid. It has its own fleet of tankers and serves a variety of industries throughout India.

As of January 19, 2026, the share price of A-1 Ltd. (BSE: 542012) was Rs 33.60, up 5.00% from its previous closing of Rs 32.00. Following the acquisition of fresh orders for 1,425 electric two-wheelers by its affiliate firm, A-1 Sureja Industries (which runs under the "Hurry-E" brand), the stock achieved a 5% upper circuit today. The firm has a high price-to-earnings (P/E) ratio of about 586.4 and a market value of about Rs 1,472 Cr. The share price has fluctuated between a low of Rs 9.62 and a high of Rs 70.41 during the last 52 weeks.